Collectable coins Commemorative coins, especially admired by collectors,
are only minted with one specific year date and tend to be issued for specific events.
With a themed collection, there is always the opportunity to document history
in precious metal and add more commemorative coins over time.
Of course you will want to consider the value of any coin you wish to add as your collection grows
and it’s important to note that rarity is more of a factor than the actual value of the metal itself.
The extent to which a coin minted for commemorative purposes
has potential to increase in value over time is partly dependent on the quantity produced.
Coins that are minted for commemorative purposes
They are decided by the government and issued according to a legal framework,
once the authorised quantity is struck, it is forbidden to produce more.
When the entire minted quantity is sold out demand
then increases from collectors and dealers
which in turn increase the value of a specific coin over time.
As a general rule, the smaller the number of coins that are available,
and the higher the demand, the more attractive the coin will be for a prospective buyer.
Collectable coins contain a year date of when they are minted and usually a number published.
Rare and authentic
Determining the authenticity of a coin is vital with a significant number of silver and gold counterfeit coins in circulation.
Request documentation at the time of purchase relating to the coin’s origin, its condition, specifications and mintage.
Only purchase from reputable sources and beware of rogue traders and unscrupulous operators.
Acquire knowledge through research via reference books and price guides.
The £1 coins to look out for – and what they can shift for
If you’ve one of these Collectable coins knocking around, you could be quids in .
though it goes without saying that prices can change,
there are no guarantees, and ‘mint-condition’ coins are likely to fetch more than those that have been in the wars.
The Scotland: Thistle and Bluebell £1.
Issued in 2014, this coin from north of the border is considered “scarce”, with five million minted. It regularly fetches between £3.50 and £5
England: London £1.
This coin was issued in 2010 as part of the Royal Mint’s series of £1 coins to commemorate the four constituent countries of the UK.
- Some Collectible coins worth more than others, but this London design is considered “very scarce”, with just over 2.5 million minted.
- Regularly listed , this coin currently fetches between £6.50 and £10 – a tidy profit on its face value.
Wales: Cardiff City £1.
This coin is also “very scarce”, with just over 1.5 million minted.
- The coin was issued during 2011 and shows the Coat of Arms of Cardiff representing Wales. We found two of these listed as sold on eBay this month for £14.99 each.
Scotland: Edinburgh City £1.
Issued in 2011, this is considered THE most scarce £1 coin available.
- Fewer than one million were minted – so if you’ve got one, it’s probably a waste to spend it.
- These regularly fetch up to £20 a time, though some rarer uncirculated versions – often displayed in a commemorative box – have sold for up to £60.
- The list above isn’t exhaustive.
- The coin collector website Change Checker says four more designs which are more widely in circulation
- Than those listed above are still considered “less common”.
- These are (from left to right, below) the ‘Northern Ireland: Flax and Shamrock’, the ‘Daffodil and Leek’, the ‘Rose and Oak Branch’ and the ‘Belfast City’ £1 coins.
- These coins fetch between £3 and £5 each.
How to cash in on your Collectable coins
- Use as many keywords as possible. Fill the item’s auction title with search terms such as edition, year and condition.
- Also include close-up photos of your £1 coin in the listing.
- For higher value coins, post with an insured, signed-for service with online tracking, such as Royal Mail Special Delivery Guaranteed.
- This covers cash sent in the post for loss or damage up to £500, though this option will cost upwards of £6.45 so shouldn’t be considered if your coins are worth less.
- If you think you have an especially valuable coin, consider selling via a specialist dealer. Find them through the British Numismatic Trade Association. As a rule of thumb, always try at least three and play them off against each other.
- Remember, as with other collectables, rare-coin prices fluctuate significantly. So if you cash in now, you may lose out, or you could gain later –no one knows for sure.
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